Abu Dhabi Real Estate Market Hits Record High in Q3 2024: $3.7 Billion in Mortgage Deals as Total Transactions Surpass $15.1 Billion
Dubai, UAE – October 28, 2024 – The Abu Dhabi real estate market is experiencing a remarkable surge in activity, reaching a record $3.7 billion in mortgage deals in Q3 2024 and pushing total transactions to a groundbreaking $15.1 billion this year. This impressive growth has been significantly influenced by a favorable shift in interest rates, making homeownership and investment more accessible across the region.
The recent decrease in interest rates has served as a catalyst, fueling an upsurge in both residential and commercial property acquisitions. This rate adjustment has notably lowered borrowing costs, leading to heightened demand in both the local and international markets. With attractive financing options and a stable economic outlook, Abu Dhabi continues to solidify its reputation as a prime investment destination in the UAE and beyond.
Abu Dhabi’s market performance reflects its ability to adapt to global economic trends while maintaining stability and growth. With an increasingly diverse economy and infrastructure investments across sectors, the capital city offers a robust environment for both new investors and seasoned property buyers. The record transaction values underscore Abu Dhabi’s unique appeal and the confidence in its long-term market potential.
Adham Younis, Group CEO of D&B Properties, noted the substantial impact of the interest rate shift on the market:
"The reduction in interest rates has been a game-changer for Abu Dhabi’s real estate market, opening doors for both investors and homebuyers. We are witnessing heightened buyer confidence and stronger financial viability for many, which underscores the resilience and appeal of the UAE's property sector. As we look ahead, we see this momentum driving further growth and opportunities in the market."
About D&B Properties:
D&B Properties, one of the UAE’s leading real estate agencies, has been instrumental in helping clients navigate this booming market. By offering expert insights, a diverse portfolio of properties, and a commitment to excellence, D&B Properties ensures that clients are well-positioned to capitalize on Abu Dhabi’s evolving landscape, reinforcing its role as a trusted partner in the UAE's real estate sector.
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